NFL Restructures: Clark, Packers, Meinerz, Falcons, Saints, Eagles

As the Cowboys made another trade to acquire a higher-end Packers defender salary (Rashan Gary‘s four-year, $96MM deal), they are restructuring the one they added last summer. Dallas is reducing Kenny Clark‘s 2026 cap number with a restructure, per ESPN.com’s Todd Archer. As Connor Byrne’s Cowboys Offseason Outlook detailed, Clark was due an $11MM roster bonus Friday; Dallas is moving that into a signing bonus to open up $8.8MM in cap space. This will drop Clark’s cap number well south of its $21.5MM place, though it would create more dead money if he is not extended by the 2027 league year. An extension is on the Cowboys’ radar, even as the former first-round pick goes into an age-31 season. With Clark signed through 2027, however, it is possible this restructure will table any extension talks.

With the cap-compliance deadline less than 24 hours away, here are more restructure decisions:

  • Trading Gary to the Cowboys and cutting Elgton Jenkins, the Packers are busy at work with cost-shedding moves. They also completed an Xavier McKinney restructure, per KPRC2’s Aaron Wilson. The move will save more than $9MM in space for Green Bay. McKinney will also secure an additional $11.54MM guaranteed — on top of his $23MM guarantee from March 2024 — according to Wilson, who adds the Pack included three void years to defray the bonus money. McKinney’s cap hit is down to $9.86MM.
  • The Broncos have mostly used free agency to retain their own talent thus far, but the team is adding eight figures of cap space as of Tuesday. Denver is restructuring Quinn Meinerz‘s deal, according to the Denver Gazette’s Chris Tomasson, who notes this is a simple restructure of the All-Pro guard’s 2026 base salary. Moving it to a signing bonus, the Broncos will free up around $11MM. The Broncos sit mid-pack in cap space, holding more than $23MM.
  • Troy Andersen will be part of the 2026 Falcons. At least, he will have an opportunity to contribute, with SI.com’s Garrett Chapman reporting the linebacker agreed to a restructure to avoid his contract tolling from 2025. Andersen missed all of last season, spending it on the reserve/PUP list. A player who spends the season on the PUP can see his contract toll in the final year of a deal; a knee injury sidelined the former second-round pick last season. This amounts to a de facto re-signing, since Andersen’s four-year rookie deal was set to expire Wednesday. The team confirmed the restructure, per Falcons.com’s Tori McElhaney and Will McFadden.
  • One of the NFL’s long-running restructure hubs, the Saints are adding another before the league year begins. New Orleans is saving $7.36MM in cap space by restructuring Erik McCoy‘s deal, ESPN.com’s Katherine Terrell tweets. One void year is being added to the center’s contract. McCoy’s deal runs through 2027; three void years are now included.
  • The Jaguars completed a simple restructure of center Robert Hainsey‘s deal, according to Spotrac, with the move saving the team $4MM in cap space. Three void years are now on Hainsey’s deal, Wilson adds.
  • Michael Carter II will stay with the Eagles in 2026, but it sounds like he has agreed to a pay cut. Carter’s deal is being restructured in order for the 2025 trade acquisition to remain on the roster, The Athletic’s Zach Berman tweets.

Jags Not Open To Brian Thomas Jr. Trade?

MARCH 10: It appears the Jaguars have not actually changed their stance from the fall. The team is not believed to be interested in moving the third-year wide receiver, ESPN’s Adam Schefter notes. With Hunter moving to more of a cornerback role, the Jags appear set to see if Thomas can bounce back alongside Meyers and Washington.

MARCH 9: Arriving during Trent Baalke‘s final draft as Jaguars GM, Brian Thomas Jr. enjoyed a promising rookie season before submitting to a sophomore slump. With a new regime running the show now, Thomas’ standing in Duval County may be a bit shaky.

The Jaguars are believed to be listening to offers on Thomas, SNY’s Connor Hughes reports. Teams called the Jags about Thomas at last year’s deadline — the Giants, Jets and Steelers among them — but the team was not open to dealing the 2024 first-rounder. It appears the AFC South club is now more willing to hear what Thomas can bring in a trade.

The Steelers called the Jags on Thomas last year, but they agreed to trade for Michael Pittman Jr. earlier today. The Jets added Adonai Mitchell in their Sauce Gardner trade. The Giants lost Wan’Dale Robinson to the Titans in free agency, though they still roster Malik Nabers and Darius Slayton. Thomas played with Nabers at LSU, and Slayton’s contract can be shed fairly easily in 2027.

Although the Jags are prepared to shift Travis Hunter to more of a cornerback-first role, they saw Thomas fail to make a big impact in Liam Coen‘s debut. The big-bodied target slumped to a 48-catch, 707-yard season. That would not exactly qualify as a woeful campaign, but Thomas posted 1,282 yards and 10 touchdowns as a rookie. He caught just two TDs last season, and trade pickup Jakobi Meyers checked in as a more reliable option in Coen’s offense. The Jags have since given Meyers a three-year, $60MM extension.

It would seemingly take at least a Day 2 pick — possibly with another choice sprinkled in — to convince the Jags to move off a player with a 1,200-yard rookie season in his recent past. Two years remain on Thomas’ rookie contract, increasing his value. No extension talks can commence until 2027. As it stands, the Jags do not look likely to ever initiate those.

Coen and GM James Gladstone gutted Baalke’s pass catcher setup last year, trading Christian Kirk and cutting Evan Engram, Gabe Davis and Devin Duvernay. Dyami Brown also played out his 2025 contract. If the Jags are to seriously entertain trading Thomas, they would need at least one more option. That said, Parker Washington took a step forward last year and led the division-winning team with 847 receiving yards. Though, he is now in a contract year. Thomas’ status will be a storyline to monitor as teams fill their receiver rooms in free agency.

Minor NFL Transactions: 3/9/26

Here are the minor move from a frenzied free agency first day:

Atlanta Falcons

Buffalo Bills

Carolina Panthers

Houston Texans

Jacksonville Jaguars

Las Vegas Raiders

Los Angeles Rams

Miami Dolphins

New York Giants

New York Jets

Pittsburgh Steelers

NFL Announces 2026 Compensatory Picks

The NFL has awarded compensatory draft picks for teams in the 2026 draft. Based on an add/subtract formula that covers the 2025 free agency period, comp picks span from Round 3 to Round 7. The higher picks go to the teams that endured the most significant free agent losses.

This year, the NFL awarded 33 comp picks. The comp pick formula assigns picks to franchises who suffered the largest net losses, so teams that signed multiple free agents have a lesser chance of receiving picks.

Sorted by round and by team, here are the league’s 2026 compensatory selections:

By round:

Round 3: Vikings (No. 97), Eagles (98), Steelers (99), Jaguars (100, from Lions*)

Round 4: 49ers (No. 133), Raiders (134), Steelers (135), Saints (136), Eagles (137), 49ers (138), 49ers (139), Jets (140)

Round 5: Ravens (No. 173), Ravens (174), Raiders (175), Chiefs (176), Cowboys (177), Eagles (178), Jets (179), Cowboys (180), Lions (181)

Round 6: Steelers (No. 214), Eagles (215), Steelers (216)

Round 7: Colts (No. 249), Ravens (250), Rams (251), Rams (252), Ravens (253), Colts (254), Packers (255), Bronc0s (256), Broncos (257)

By team:

  • Baltimore Ravens: 4
  • Philadelphia Eagles: 4
  • Pittsburgh Steelers: 4
  • San Francisco 49ers: 3
  • Dallas Cowboys: 2
  • Denver Broncos: 2
  • Indianapolis Colts: 2
  • Las Vegas Raiders: 2
  • Los Angeles Rams: 2
  • New York Jets: 2
  • Detroit Lions: 1
  • Green Bay Packers: 1
  • Jacksonville Jaguars: 1
  • Kansas City Chiefs: 1
  • Minnesota Vikings: 1
  • New Orleans Saints: 1

* = awarded for Lions DC Aaron Glenn becoming Jets’ HC

The Bears lost a minority executive to a GM role, with Ian Cunningham taking over in Atlanta. But the NFL will not award Chicago two third-round picks for that hire because the Falcons have Matt Ryan positioned as their president of football. Although Cunningham — Chicago’s assistant GM for four years — holds plenty of organizational say, Ryan is atop its front office hierarchy. The Bears disagree with the NFL’s ruling, per NFL.com’s Mike Garafolo.

Bears GM Ryan Poles confirmed (via ESPN.com’s Courtney Cronin) the team spoke with the NFL about the matter, but the league did not rule in the team’s favor. Had this decision gone the Bears’ way, they would have received third-round picks in the 2026 and ’27 drafts.

Jaguars Re-Sign CB Montaric Brown

Montaric Brown would have been one of the top cornerback options on the open market later this week, but he will be staying put. A new Jaguars contract has been agreed to prior to the start of free agency.

Brown and Jacksonville have agreed to a three-year, $33MM pact, ESPN’s Adam Schefter and Jeremy Fowler report. Instead of testing the market, Brown will continue to operate as a starter for his only NFL team. He has been in Duval County since being drafted in the seventh round in 2022. The team has since announced the news.

While Brown has bounced in and out of the starting lineup during his time in Jacksonville, the cornerback has still been a key piece for the Jaguars. When healthy, he’s appeared in at least 59 percent of his team’s defensive snaps over the past three years. Between 2024 and 2025, he tallied a combined 126 tackles, 20 passes defended, and three interceptions.

Pro Football Focus listed this past season as Brown’s best, ranking him 26th among 112 qualifying cornerbacks. Before re-signing with the Jaguars, Brown was mentioned as a potential target for the 49ers.

Other than free agent Greg Newsome, the Jaguars are set to return the majority of their CBs. This includes Travis Hunter, who is expected to focus more on CB than WR in 2026, and slot CBs Jourdan Lewis and Jarrian Jones. Depending on the team’s approach to the position in the draft, Brown may be in line for the largest role of his career.

Ben Levine contributed to this post.

2026 NFL Trades

The modern NFL features four clear trade windows. Early March, the draft, the late-August 53-man roster-setting date and the November deadline reside as the primary points trades occur around the league. Excluding pick-for-pick trades, here are the moves NFL teams have made thus far in 2026:

February 26

March 2

Texans chose USC S Kamari Ramsey at No. 141

Lions packaged No. 128 to move up for EDGE Derrick Moore in second round

March 4

Chiefs chose Clemson DT Peter Woods at No. 29, used Nos. 169, 210 to trade up to No. 161 for Nebraska RB Emmett Johnson

March 5

Bears traded down from No. 60 to No. 69; Bills traded No. 165 to Titans in first-round trade-down move

March 6

Ravens nixed trade March 10, failing Crosby on a physical

March 7

March 8

Bills packaged No. 182 to trade up for CB Davison Igbinosun

March 9

Dolphins drafted Iowa EDGE Max Llewellyn at No. 238

Colts chose Ohio State EDGE Caden Curry at No. 214; Steelers selected Navy RB Eli Heidenreich at No. 230

March 10

Jets drafted Kansas State S VJ Payne at No. 228

March 11

Cowboys chose East Carolina WR Anthony Smith at No. 218; Titans took Oklahoma TE Jaren Kanak at No. 225

March 16

March 17

Dolphins traded No. 30 to 49ers in package for No. 27 (San Diego State CB Chris Johnson); Miami added Louisville WR Chris Bell at No. 94, Texas EDGE Trey Moore at No. 130; Broncos drafted Boise State OL Kage Casey at 111

March 18

March 20

Eagles used No. 114 in first-round trade-up for USC WR Makai Lemon. Falcons, Eagles traded down from Nos. 114, 122; Atlanta drafted LSU EDGE Harold Perkins at 215

April 7

April 10

Packers picked Kentucky C Jager Burton at No. 153

April 17

April 18

Giants selected Miami OL Francis Mauigoa at No. 10

April 24

49ers used No. 152 in Day 2 trade-down move with Browns

Vikings added Miami S Jakobe Thomas at No. 98; Eagles picked Texas Tech S Cole Wisniewski at 244

April 25

Raiders added Arizona S Dalton Johnson at No. 150; Saints selected Iowa CB TJ Hall at 219

49ers Interested In CBs Riq Woolen, Montaric Brown

The Seahawks have three regulars from their Super Bowl-winning secondary hitting free agency Monday. All three — Riq Woolen, Coby Bryant, Josh Jobelanded in PFR’s top 50. Riq Woolen ranked highest, and the 6-foot-4 cornerback figures to draw extensive interest soon.

If/when Seattle lets Woolen hit the market, The Athletic’s Matt Barrows notes several execs around the NFL expect the 49ers to be in that mix. The 49ers used Day 2 picks at corner in 2024 (Renardo Green) and ’25 (Upton Stout). They also have Deommodore Lenoir signed long term.

Pro Football Focus graded Green 86th overall among qualified cornerbacks last season. The 49ers gave Green a 92% defensive snap share alongside Lenoir, who has anchored San Francisco’s corner corps for multiple seasons. The team gave Lenoir a five-year, $89.8MM extension in 2024. As Ely Allen’s 49ers Offseason Outlook pointed out, however, Lenoir is owed a $16.75MM guarantee for his 2026 compensation on April 1. That could give San Francisco a decision, but losing Lenoir would also create a major need.

Mike Macdonald used Jobe in front of Woolen during the season’s second half, when the 6-foot-4 CB only topped 70% usage in one of the team’s final eight regular-season games. He still allowed a passer rating of 78.5, ranking 25th among 200-plus-snap CBs in 2025, according to The Athletic. Woolen burst onto the NFL scene in 2022 by intercepting six passes. He was viewed as a better fit for Pete Carroll‘s defense than Macdonald’s, however, as he was mentioned in trade rumors before the deadline. Though, the former fifth-round pick still played extensively during Seattle’s Super Bowl slate.

Cornerback does appear on the 49ers’ wish list, as ESPN.com’s Jeremy Fowler indicates the NFC West team is interested in the JaguarsMontaric Brown. The Jags are still interested in re-signing Brown, though they are barely under the cap as of Sunday afternoon.

A seventh-round success story, Brown started 22 games for the Jags from 2024-25. After regarding Brown modestly prior to 2025, PFF graded him as the No. 26 overall CB last season — as the Jags made dramatic defensive improvements under Anthony Campanile. Jacksonville traded Tyson Campbell for Greg Newsome in-season, and Newsome is now a free agent. Losing Brown would create a need for the reigning AFC South champs, though the team is expected to deploy Travis Hunter primarily as a cornerback next season.

NFL Restructures: Singletary, Stingley, Packers, Banks, Bills, Browns, Jaguars

Teams need to move under the $301.2MM salary ceiling by 3pm CT Wednesday, and many will be completing restructures to create funds ahead of Monday’s legal tampering period. Here are the latest moves clubs have made to clear cap space:

FA Notes: Pierce, Pats, Walker, Seahawks, Etienne, Jags, Broncos, Chiefs, Robinson, Giants, Titans, Cowboys

Prepared to make Stefon Diggs a one-and-done, the Patriots continue to be linked to A.J. Brown. The Eagles standout could be the team’s No. 1 option at receiver, but if the defending AFC champions are unable to strike a deal, MassLive.com’s Karen Guregian indicates a pivot to Alec Pierce could be in the cards.

Ranked as PFR’s No. 2 overall free agent, Pierce’s market will be competitive. Guregian points to a $25-$30MM-per-year number being required to close that deal. Pierce is the league’s two-time reigning yards-per-catch leader, topping 1,000 yards last season despite the Colts losing Daniel Jones in Week 13. We heard earlier this week Pierce would land at least $20MM per year. The Colts prioritized Jones via the transition tag, putting them at risk of losing Pierce on Monday.

Had the Colts made an effort to lock down Pierce before last season, Essentiallysports.com’s Tony Pauline notes the view at the Combine was he would have cost maybe half the AAV he is expected to command next week. Not much extension buzz existed last summer; that could be costly for the Colts soon. Pierce is preparing to hit free agency; he can officially begin talking to interested teams at 11am CT Monday.

Here is the latest coming out of the free agent market:

Raiders To Trade DE Maxx Crosby To Ravens For Two First-Round Picks

After speculation earlier today that the Ravens were making a push for Raiders defensive end Maxx Crosby, a deal has reportedly been made. According to Adam Schefter of ESPN, Las Vegas has agreed to send Crosby to Baltimore in exchange for the Ravens’ first-round picks for the next two years. The trade cannot be officially processed until the new league year starts next week, but the agreement appears to be in place.

It had been reported that the Ravens were one of a few teams making a strong push for Crosby, and about half an hour ago, NFL insider Jason La Canfora relayed that the Ravens weren’t just interested here, they were “desperate for an impact (defensive) lineman.” It was actually in this post from La Canfora that it was first reported that Baltimore was willing to deal two first-round picks.

That news, by itself, was headline-worthy. A franchise notorious for the way it builds through the draft, the Ravens had never — in their short, 30-year history — traded a future first-round pick — let alone two — in exchange for a player. The closest such situation came all the back in 2003, the only other time the team gave up a future first-round pick. They gave their 2004 first-rounder to the Patriots in order to move back up into the first-round, after having taken Arizona State record-setting pass rusher Terrell Suggs at No. 10 overall, to select Cal quarterback Kyle Boller with the 19th pick that year.

This should speak volumes about how badly the Ravens felt they needed to acquire Crosby. It was only a year ago that Baltimore finished just behind Denver for the most sacks in the NFL thanks to breakout performances from veteran Kyle Van Noy and fourth-year pass rusher Odafe Oweh who combined together to take down the quarterback 22.5 times. This year, the Ravens held the third-lowest sack total in the league. Van Noy missed a couple games and Oweh was traded to Los Angeles after only five, but the two defenders’ sack total in Baltimore this year was 2.0.

Perhaps even more detrimental to the Ravens’ pass rush in 2025 was the season-ending loss of defensive tackle Nnamdi Madubuike. The second-team All-Pro tackle suffered a Week 2 neck injury that not only sidelined him for the remainder of the year but also put Madubuike’s long-term future in question. It’s been six months since the disruptive lineman went down, and with the team still not able to offer a positive update on the matter, reports of Baltimore’s desperation for an elite defensive lineman and today’s subsequent trade may spell out the worse for Madubuike.

With the future of the Ravens pass rush looking as dour as it ever has, what better gift could new head coach Jesse Minter be presented with than Crosby? Minter’s defense is Los Angeles last year saw much more success than Baltimore’s, even getting 7.5 sacks out of Oweh, who was sackless before getting traded. Minter also got to see Crosby up close and personal three times during his tenure as defensive coordinator for the Chargers. One has to imagine Minter had some influence on the decision to pursue the AFC West star.

Trade interest in Crosby dates all the way back to 2023. Having just signed a four-year, $94MM extension of his rookie contract, Crosby delivered a breakout season, notching 12.5 sacks and a league-leading 22 tackles for loss. During another lost season in Las Vegas, the vultures circled over Crosby around the trade deadline, but the Raiders rebuked all advances. In an effort to endorse then-interim head coach Antonio Pierce for the official job, the fiercely loyal Crosby threatened to request a trade should Pierce not be retained.

When the trade deadline rolled around the next season, and Pierce’s 2-4 start as the full head coach had the vultures circling again, the team had to fight off trade inquiries once again. In the offseason last year, trade interest once again swirled around Crosby and the Raiders, but ultimately, the team signed him to a new three-year, $106.5MM extension keeping him under contract through the 2029 NFL season. For the third trade deadline in a row, though, Vegas had to continue to deny that Crosby was available.

Things took a turn for the worse near the end of the season when, in an attempt to secure their best chance at the No. 1 overall pick in the 2026 NFL Draft, the Raiders shut Crosby down for the final two games of the regular season. In response to hearing his team’s decision, Crosby immediately exited the facility, and it was reported that he would evaluate his future in Vegas. According to Dianna Russini of The Athletic, that decision by the Raiders “soured his belief that Las Vegas was the right place for him.” Ever the loyal teammate who once had claimed hopes of finishing his career with the Raiders, Crosby did not publicize his trade requests as the Raiders muddied the waters to maintain leverage in trade negotiations, even though both sides “knew that Crosby’s future was sealed back in mid-December.”

A year after having signed his extension, Crosby finally will get traded. It had been reported that the Raiders were looking for a Micah Parsons– or Khalil Mack-level package in exchange for Crosby. In regard to Parsons, that meant two first-round picks and an impact player, while Mack was traded — along with a second- and fifth-round pick — for two firsts-, a third-, and a sixth-round pick. There were rumored contenders in Super Bowl participants Seattle and New England, but early thoughts were that the Parsons/Mack-like asking price was too high.

The Raiders didn’t feel a need to lower the price, though. They felt that, as interest in Crosby grew and the pressure to offer just a bit more continued to increase, someone would eventually meet the price they needed to hear to pull the trigger.

The Bears and Cowboys entered the fold, and it was disclosed that the Ravens joined the chase a few days later. It simply came down to the fact that Ravens were the first to breach the threshold of two first-round picks, which was apparently, all the Raiders were actually looking for. The Cowboys reportedly were only willing to offer a first- and second-round pick, per ESPN’s Adam Schefter, despite holding two Day 1 selections after the Parsons deal. According to Russini, the Jaguars also attempted to get in the mix, but the lack of a first-round pick this year — from the trade up to draft Travis Hunter — prevented them from putting together a competitive offer.

In exchange for finally making this trade, the Raiders have put themselves in excellent position for a reboot in 2026. They now hold the Nos. 1 and 14 picks in the upcoming draft, and according to Vincent Bonsignore of the California Post, the effects of the Crosby trade and the eventual release of quarterback Geno Smith will put Las Vegas at a league-leading approximate $127MM in cap space. With a fresh staff under newly hired head coach Klint Kubiak and all signs pointing to the arrival of Indiana quarterback Fernando Mendoza as the first pick of the draft, the Raiders are as primed as they’ll ever be to make the turnaround of the century.

Show all